IGI Logo

HIGHLIGHTS:

Nifty futures closed at 22287 yesterday on a negative note with price cut of 0.10% & 4.00% decrease in the open interest indicating Long Unwinding. It closed at a premium of 87 points compared to its previous day’s premium of 91 points. Bank Nifty closed at 47989 yesterday on a negative note with price cut of 0.38% & 4.47% increase in open interest indicating Short Build Up. It closed at a premium of 221 points compared to its previous day’s premium of 232 points.

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 1967 Cr,

Sold Index Option worth 33118 Cr,

Sold Stock Futures to the tune of 2793 Cr,

Sold Stock Options to the tune of 721 Cr,

Net Sellers in the derivative segment to the tune of 38599 Cr.

In Cash Segment

FII Sold 2833 Cr & DII Bought 3788 Cr.

The India VIX index is at 20.27 vs 20.19, ATM CE IV 14.25 & PE IV 13.45

Index options PCR is at 0.92 vs 1.02 to its previous day closing.

Nifty Put options OI distribution shows that 22000 has the highest OI concentration followed by 22200 and 21800 which may act as support for current expiry.

Nifty Call options OI shows that 22500 has the highest OI followed by 22300 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 48000 has the highest OI concentration followed 47500 which may act as support for the current expiry.

BankNifty Call strike 48000 followed by 47800 witnessed significant OI concentration and may act as resistance for the current expiry.

Nifty Options OI Distribution-Weekly

Bank Nifty Options OI Distribution-Weekly

For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633